New Tourism framework to focus on 10 key areas
Aug 25, 2020 (LBO) - Sri Lanka needs a comprehensive system change to revamp post-COVID-19 tourism with all related authorities coming together to industry …
Featured
Opinion: How can Sri Lanka’s democracy be gender-inclusive?
By Sathya Karuarathne Sri Lanka’s general election dawned at a crucial time of extreme uncertainty and precariousness. The island’s political, social, and …
E-Registry proposal by the DCS satisfies a much-needed reform for MSEs : Advocata
Aug 24, 2020 (LBO) - The Advocata Institute commends the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry portal to …
Oil Palm industry calls for urgent engagement with Govt. over-cultivation ban
Aug 24, 2020 (LBO) - The Palm Oil Industry Association (POIA) has said in a statement that while it respects the decisions relating to the industry contained …
Sri Lanka vehicle registrations likely to slow in August due to stockouts: Report
Aug 20, 2020 (LBO) - Vehicle registrations in July were only slightly down from June but remain at healthy levels indicative of existing inventory driving …
Opinion: Domestic payment cards drive economic and social benefits
By LankaClear Groundbreaking research carried out in five major continents across the world by Anthemis Group has found that domestic card schemes and …
President kick starts building a people-centric economy
Aug 19, 2020 (LBO) - President Gotabaya Rajapaksa stated that the structures of the State Ministries were formulated with the intention of building a people …
CEAT to develop local industry: Save Rs.11Bn in foreign exchange via import substitution
Aug 18, 2020 (LBO) - CEAT Kelani Holdings has announced that in response to the Government's policies to develop domestic industry, it has stepped up capacity …
Hayleys reports PAT of Rs.561.76 million Q1 2020
Aug 18, 2020 (LBO) - The Hayleys Group remained resilient amidst unprecedented challenges to record a pre-tax profit of Rs.1.17 billion in the first quarter of …
BOI signs agreement with HTCey Aqua Culture for Vannamei Shrimp project in Puttalam
Aug 17, 2020 (LBO) - The Board of Investment of Sri Lanka has signed an agreement with HTCey Aqua Culture (Pvt) Limited for a 12 million pl (Post Larvae) …
Plantation companies to lose Rs 500 mn. due to govt. vacillation on oil palm
Aug 17, 2020 (LBO) - Plantation companies will sustain a cumulative loss of more than Rs 500 million within months due to policy inconsistencies and …
MarCom Collective congratulates new Govt: Seeks partnership to rebuild industry
Aug 17, 2020 (LBO) - The MarCom Collective congratulated Prime Minister Mahinda Rajapaksa and his newly appointed cabinet of ministers as well as all other …
Sampath Bank reports PAT of Rs 3.97Bn for six months ended 30th Jun 2020
Aug 13, 2020 (LBO) - The global economy took a steep downward trend with the COVID-19 pandemic epicentre shifting from China and East Asia to the United States …
National Chamber of Exporters welcomes new Govt.
Aug 10, 2020 (LBO) - The National Chamber of Exporters of Sri Lanka (NCE) congratulated the newly concluded election and the great victory achieved, in the …
China assures continued support to SL following MR victory
Aug 10, 2020 (LBO) - The Chinese Government has congratulated new Prime Minister Mahinda Rajapaksa and his party Sri Lanka Podujana Peramuna (SLPP) for winning …
Hotels Association welcomes new PM and Govt: Call for tourism development
Aug 10, 2020 (LBO) - The Hotels Association of Sri Lanka (THASL) congratulated President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa for their …
Are caveat notices strangling the condominium industry in Sri Lanka?
Kapila Gamage Attorney-at-Law and Condominium Consultant The condominium developers of Sri Lanka are being terrorized by a new kind of threat that is …
Sri Lanka’s GDP contracts by 1.6% in 1Q 2020
Aug 06, 2020 (LBO) - Sri Lanka's GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when compared to the …
Fitch affirms Commercial Bank of Ceylon at ‘AA+(lka)’; Outlook negative
Aug 06, 2020 (LBO) - Fitch Ratings Lanka has affirmed Commercial Bank of Ceylon PLC's (CB) National Long-Term Rating at 'AA+(lka)'. The Outlook remains …
New Parliament meets on August 20th
Aug 04, 2020 (LBO) - President Gotabaya Rajapaksa has summoned the new Parliament to meet on 20th August, 2020 following the General Election on August 5th. …